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Intel is on a mission to streamline its operations. The latest move involves spinning off its Network and Edge group, responsible for producing chips for the telecom industry. Intel will remain an anchor investor in this new standalone business, while also seeking external funding.
Similar to its recent decision to spin off RealSense, Intel is making strategic shifts under the leadership of CEO Pat Gelsinger. This move comes after rumors of the company looking for a buyer for the Network and Edge group, which generated $5.8 billion in revenue in 2024.
As Intel continues to restructure and focus on its core strengths, the spinoff of the Network and Edge group marks another step in its evolution. Stay tuned for more updates on this development.
